The recent observations of gamma ray bursts and the physics of active galactic nuclei lead to the need for an assessment of the efficiency of the electromagnetic and rotational energy extraction processes in the field of Kerr and Kerr-Newman black holes.

Experts in general relativity, in plasma, pulsar and quasar physics and in astrophysics will interact at this workshop to clarify some of the basic issues which are still unresolved in this important field of research.

The Italo-Korean Meeting on Relativistic Astrophysics will take place in parallel with this third ICRA workshop.